Back to 1995

The ass decides the head. Before changing it, Immelt, who had a good relationship with the old bus, would not express such an attitude to Buffett.

Buffett has a very good relationship with Welch, touting General Electric as "a symbol of American companies." His Berkshire company spends a lot of dollars every year on General Electric.

But now, Laoba even questioned the great merger of ICQ, which is nothing more than a piece of chicken feathers. This is almost equivalent to vetoing all the efforts made by Immelt. How much money did I invest in General Electric? Starting today, Immelt and Lao Ba are basically people on two different paths.

Holding a plate of food, he sat in front of Song Yang, glanced at Buffett on the TV, and Immelt picked up the dirty stuff about the old bus to Song Yang.

"Berkshire, for two consecutive years, has a growth rate of less than 0.5%. He is a supporter of traditional industries such as banking, aviation, and oil, and is also a loser in the technological era..."

Immelt shook his head and said with a sigh, "Because of Mr. Welch, I respect Buffett a lot, but facts are facts, and he is behind the times!"

Immelt believes that Buffett just didn't enjoy the huge profits from the Internet, and now he is spitting acid in the media.

Back then, when Song Yang first debuted, Buffett was still competing with Bill Gates for the position of the richest man in the world.

But over the past few years, Buffett, who is unwilling to invest in technology companies, even Microsoft, has stagnated in value over the past few years. Even his most devout believers have some doubts. doesn't really work...

Don’t you see, Microsoft, which Buffett is not optimistic about, has allowed Bill Gates to be the richest man for many years in a row, firmly suppressing Buffett, let alone the Internet, which Buffett does not understand. In recent years, the Nasdaq index has continuously set a growth rate of 86% during the year Miracle!
Now even Song Yang, a rising star, is relying on the frenzy of the Internet to "crush" Buffett's worth.

In the eyes of Immelt and countless other people who believe in getting rich overnight on the Internet, today's interview with Mr. Ba is obviously a "pink eye disease". The traditional industry companies he bet on have been crushed by the soaring market value of Internet companies There is no dross left.

Song Yang listened to Buffett's "black material", and looked up at Buffett on the screen. No one can tell whether the old man is right or wrong. The old man who looks "conservative" now has to wait a year or two. , must have been the one who could laugh the loudest when the dot-com bubble burst.

But the timeline is long, and I missed the old bus of Internet technology companies such as Microsoft, Intel, Amazon, etc. Although their net worth keeps soaring, they still can’t sit on the richest man’s position. General Electric, Wal-Mart, General Motors, etc. Wait, there is also a day of overturning, but Microsoft, Intel, Amazon, etc. have been laughing until decades later!

"Facts will prove everything. No matter what Buffett says, the one who will be sung in the future will definitely be President Immelt!"

Song Yang praised Immelt and made Immelt burst into laughter. At this time, if Buffett and Immelt were compared, everyone would think that the winner would be Immelt.

After all, on both sides, one is a man in charge of a market value of 7000 billion US dollars, and the other is a "clown" who has been ridiculed by many investors in recent years. Does it matter who to choose?

"I'm going back to GE headquarters tomorrow."

Immelt said to Song Yang that the credit has already been obtained, and Immelt is not willing to stay outside all the time. The more critical the situation is, the more he has to stay at the General Electric headquarters to be at ease, so as not to cause trouble , until the moment he became the head of General Electric, Immelt did not dare to relax for a moment, even if it seemed to be stable!

Looking at Song Yang, Immelt said "casually", "Song, I hope ICQ can develop further!"

Listening to Immelt's words, Song Yang pondered for a moment, "Is it President Immelt, the plan at the press conference?"

At the ICQ media conference, Immelt uttered nonsense, threatening to make up for the last shortcoming of ICQ, and to acquire a Hollywood film and record group for ICQ.

Immelt nodded, and set his eyes on Song Yang, wanting to check Song Yang's reaction.

Acquiring a Hollywood film and record group for ICQ will allow Immelt to extend his reach in ICQ. In addition, Immelt is also thinking about continuing to dilute the equity of Song Yang and Comcast Group in ICQ. Increasing GE's voice is a trick that kills two birds with one stone.

Wanting to reject Immelt's proposal, Song Yang naturally has reasons. Most of ICQ's management and executives are still from ICQ. Specially block outside ICQ, let his order, within ICQ, just listen to it!

However, Song Yang didn't mean to break up with Immelt. He took a deep look at Immelt, and the two looked at each other for a moment. Song Yang suddenly smiled, "It seems that President Immelt already has Target?"

Immelt is very satisfied with Song Yang's "awareness". If Song Yang is willing to cooperate, he doesn't mind and gives some rights to Song Yang. If it is not necessary, Immelt is not willing to cooperate with Song Yang. Yang completely turned his back.

"Seagram Group!"

Immelt said decisively, "Seagram Group, which owns the two major industries of Universal Pictures and Universal Music, merged Seagram, and ICQ can make up for the last shortcoming!"

If you want to make up for ICQ's industry in Hollywood at one time, the most suitable targets are Seagram, which owns Universal Pictures and Universal Music, Columbia Pictures and Record Group under Sony, Warner Records and Warner Music under Time Warner. For film and television, the acquisition of these companies is the most direct and effective.

But the latter two, Time Warner and Sony, are not so easy to talk about. Whether they want to sell is a question. Even if they want to sell, it is estimated that the price will be sky-high.

The most suitable target is the Seagram Group instead. As the owner of the Seagram Group, the transformation of the Bronfman family, the new head of the Bronfman family, acquired from Panasonic a few years ago Industries such as Universal Pictures and Records have embarked on an ambitious road of transformation, but this road is not so easy to walk.

In the past few years, Seagram's life has become more and more difficult, especially after the acquisition of Polygram Records for more than 100 billion US dollars, the entire Seagram Group is already a bad debt. This is also why Immelt The reason for staring at Seagram!
Song Yang listened to Immelt's analysis of the Seagram Group. Immelt believed that the current mess of Seagram is already a bit beyond the control of the Bronfman family. At that time, if ICQ offers an olive branch, Seagram will definitely take it, and getting the Seagram Group is definitely beneficial to ICQ, at least the stock price can make another big wave!